Monday, November 23, 2009

WSJ Caterpillar Update

"Caterpillar Inc. said sales continue to tumble in October, dimming optimism that demand for construction machinery is improving with the uptick in the economy.

The Peoria, Il., company said world-wide machinery sales for the three months ended in October fell 50% from a year ago earlier, compared with a 52% decline for the three months ended in September.

Three months sales in North America were down 58% through October, while sales in Europe, the Middle East and Africa, declined 53%.

Latin America sales fell 41%, while sales in the Asia-Pacific region slipped 36%, slightly better than the 40% decline reported in September."

Source WSJ, 11/20/09.

Did anyone see this information posted in the JS? If so, I missed it. If not, why not? Seems if this is Wall Street Journal news about our local Caterpillar Hdqrts., it should be .........

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